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Brock Pierce on New Potential SEC Guidelines for NFTs


New SEC petition for NFT regulation & an exclusive interview with Brock Pierce. 
A recent petition to the Security & Exchange Commission (SEC) asked for some clarification around Non-Fungible Tokens (NFTs), hoping to resolve any uncertainty the might hinder the juggernaut bullet train of NFT projects, art, collectibles, media, gaming, and so on barreling toward a bright future with a new form of digital ownership. 
The petition notes a securities law from the 1930s that could possibly “provide a crude mechanism for the regulation of NFTs.” The petition then refers to the SEC’s Howey guidance to address the issue of whether NFTs should be considered securities which would cause all platforms selling and trading NFTs to be classified as exchanges or broker-dealers by the SEC.

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